A top official of Korea's largest fishing company has escaped prosecution despite a report that he admitted ordering the forging of currency receipts to trick Immigration New Zealand over payment to low-wage crews.

Nine men either working for Sajo Oyang Corporation in Korea, or on their vessel Oyang 75 in New Zealand, will not be prosecuted by Korean authorities for a variety of offences, including allegations of forgery and assault.

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Busan Regional Public Prosecutor Yoo Kyungpil said in his report that one of the accused, unnamed but described as the CEO of Sajo Industry (now part of Oyang), had admitted to his "suspected crimes".

He said it was the first time he had been accused of criminal activity, and would not be prosecuted for alleged abetting and fraudulent use of documents.

So, serious fraud, but as its a first offence he gets a free pass. I think we can call that a whitewash. As for the assault and sexual abuse charges, South Korean prosecutors claim they have no jurisdiction - despite the vessels being Korean flagged and therefore operating under Korean Law under UNCLOS. Either Korea has a serious legal loophole which renders all of its ships law-free zones, or someone is dragging their feet. And either way, its not acceptable. Serious crimes have been committed in New Zealand waters, including slavery, a crime under international law over which all nations have universal jurisdiction. If Korea disclaims all responsibility for investigating and prosecuting them, then we should take it up.